Firm-specific, industry-specific and macroeconomic determinants of commercial banks’ lending in Ethiopia: Panel data approach

References

• Abdul Adzis, A., Sheng, L. E., & Abu Bakar, J. (2018). Bank lending determinants: Evidence from Malaysia commercial banks. Journal of Banking and Finance Management, 1(3), 36–18.
   Google Scholar
• Adrian, T., & Shin, H. S. (2008). Liquidity and financial contagion. Banque De France Financial Stability Review: Special Issue on Liquidity, 11, 1–7.
   Google Scholar
• Aisen, M. A., & Franken, M. (2010). Bank credit during the 2008 financial crisis: A cross-country comparison ( pp. 10–47). International Monetary Fund.
   Google Scholar
• Ajayi, F. O., & Atanda, A. A. (2012). Monetary policy and bank performance in Nigeria: A two-step co-integration approach. African Journal of Scientific Research, 9(1), 462–476.
   Google Scholar
• Akinlo, A. E., & Oni, I. O. (2015). Determinants of bank credit growth in Nigeria 1980-2010. European Journal of Sustainable Development, 4(1), 23. https://doi.org/10.14207/ejsd.2015.v4n1p23
   Web of Science ®Google Scholar
• Akinyomi, O. J., & Enahoro, J. A. (2014). A post-consolidation analysis of recapitalization and lending behavior in the Nigerian banking sector. International Journal of Research in Social Sciences, 4(4), 190.
   Google Scholar
• Alkhazaleh, A. M. K. (2017). Factors may drive the commercial banks lending: Evidence from Jordan. Banks and Bank Systems, 12(2), 31. https://doi.org/10.21511/bbs.12(2).2017.03
   Google Scholar
• Al-Kilani, Q. A., & Kaddumi, T. A. (2015). Cyclicality of lending behavior by banking sector for the period (2000-2013): Evidence from Jordan. International Journal of Economics and Finance, 7(4), pp.57. https://doi.org/10.5539/ijef.v7n4p57
   Google Scholar
• Allen, F., & Gale, D. (2004). Financial intermediaries and markets. Econometrica, 72(4), pp.1023–1061. https://doi.org/10.1111/j.1468-0262.2004.00525.x
   Web of Science ®Google Scholar
• Allen, F., & Santomero, A. M. (2001). What do financial intermediaries do? Journal of Banking & Finance, 25(2), pp.271–294. https://doi.org/10.1016/S0378-4266(99)00129-6
   Web of Science ®Google Scholar
• Alper, K., Binici, M., Demiralp, S., Kara, H., & Özlü, P. (2018). Reserve requirements, liquidity risk, and bank lending behavior. Journal of Money, Credit, and Banking, 50(4), pp.817–827. https://doi.org/10.1111/jmcb.12475
   Web of Science ®Google Scholar
• Amano, G., 2014. Determinates of lending behavior of banks: A case study on commercial banks of Ethiopia. MSc. Project Paper.
   Google Scholar
• Amidu, M. (2014). What influences banks lending in Sub-Saharan Africa? Journal of Emerging Market Finance, 13(1), pp.1–42. https://doi.org/10.1177/0972652714534022
   Google Scholar
• Antoni, A., & Nasri, M. (2015). Profitability Determinants of Go-Public Bank in Indonesia: Empirical Evidence after Global Financial Crisis. International Journal of Business and Management Invention, 4(1), pp.37–46.
   Google Scholar
• Assefa, M. (2014). Determinants of growth in bank credit to the private sector in Ethiopia: A supply-side approach. Research Journal of Finance and Accounting, 5(17), pp.90–102.
   Google Scholar
• Banda, C. M., 2011. The determinants of banking sector interest rate spread in Zambia ( Doctoral dissertation, University of Zimbabwe).
   Google Scholar
• Bashir, A. H. M. (2003). Determinants of profitability in Islamic banks: Some evidence from the Middle East. Islamic Economic Studies, 11, 1.
   Google Scholar
• Beck, T., Demirgüç-Kunt, A., & Levine, R. (2000). A new database on the structure and development of the financial sector. The World Bank Economic Review, 14(3), pp.597–605. https://doi.org/10.1093/wber/14.3.597
   Web of Science ®Google Scholar
• Berger, A. N., & Udell, G. F. (2006). A more complete conceptual framework for SME finance. Journal of Banking & Finance, 30(11), pp.2945–2966. https://doi.org/10.1016/j.jbankfin.2006.05.008
   Web of Science ®Google Scholar
• Bergstresser, D., 2008. Market concentration and commercial bank loan portfolios. Available at SSRN 1291356.
   Google Scholar
• Berhanu, A., 2016. Determinates of lending decision and their impact in financial performance: A Case study on Commercial Banks of Ethiopia. ( Unpublished MSc. Project Paper. Addis Ababa University).
   Google Scholar
• Berrospide, J. M., & Edge, R. M. (2010). The effects of bank capital on lending: What do we know, and what does it mean?
   Google Scholar
• Bhattarai, Y. R. (2016). Determinants of lending behavior of nepalese commercial banks. ITIHAS-The Journal of Indian Management, 6, 3.
   Google Scholar
• Cargill, T. F., & Mayer, T. (2006). The effect of changes in reserve requirements during the 1930s: The evidence from nonmember banks. The Journal of Economic History, 66(2), pp.417–432. https://doi.org/10.1017/S0022050706000179
   Web of Science ®Google Scholar
• Carlson, M., Shan, H., & Warusawitharana, M. (2013). Capital ratios and bank lending: A matched bank approach. Journal of Financial Intermediation, 22(4), pp.663–687. https://doi.org/10.1016/j.jfi.2013.06.003
   Web of Science ®Google Scholar
• Chernykh, L., & Theodossiou, A. K. (2011). Determinants of Bank Long-term Lending Behavior:Evidence from Russia. Multinational Finance Journal, 15(3/4), pp.193–216. https://doi.org/10.17578/15-3/4-2
   Google Scholar
• Ciro, J. C. G., & Hincapia, G. D. (2018). Effect of banking concentration on the lending channel: Evidence from Colombia. Economics Bulletin, 38(4), pp.2254–2265.
   Web of Science ®Google Scholar
• Croitoru, A. (2012). Schumpeter, JA, 1934 (2008), The theory of economic development: An inquiry into profits, capital, credit, interest, and the business cycle. Journal of Comparative Research in Anthropology and Sociology, 3(2), pp.137–148.
   Google Scholar
• Dang, V. (2019). The effects of loan growth on bank performance: Evidence from Vietnam. Management Science Letters, 9(6), pp.899–910. https://doi.org/10.5267/j.msl.2019.2.012
   Google Scholar
• Ebire, K., & Ogunyinka, S. F. (2018). Bank lending channel of monetary policy transmission mechanism in Nigeria. International Journal of Banking and Finance Research, 4(2), pp.51–64.
   Google Scholar
• Ezirim, F. (2005). Impact of bank lending on the liquidity of banks in Nigeria. Analysis of Credit Journal, 2, pp.44–56.
   Google Scholar
• Gajurel, D. P., & Pradhan, R. S. (2012). Concentration and competition in Nepalese banking. Journal of Business, Economics, 1(1), pp.5–16.
   Google Scholar
• Getachew, Z., 2017, Determinants of Commercial Banks’ lending: Evidence from Ethiopia ( MSc. thesis, Addis Ababa University).
   Google Scholar
• Glocker, C., & Towbin, P. (2012). The macroeconomic effects of reserve requirements. International Journal of Central Banking, 8(1), pp 65–114.
   Web of Science ®Google Scholar
• Hicks, J. (1969). A theory of economic history (Vol. 9). Oxford University Press.
   Google Scholar
• Igan, D., & Pinheiro, M. (2011). Credit growth and bank soundness: Fast and furious? IMF Working Papers, 11(278), 1–27. https://doi.org/10.5089/9781463925956.001
   Google Scholar
• Itimu, S. M., & Abdul, F. (2018). Determinants of average lending rates among selected commercial banks in Kenya. International Academic Journal of Economics and Finance, 3(1), pp.142–158.
   Google Scholar
• Iwedi, M., & Onuegbu, O. (2014). Funding housing deficit in Nigeria: A review of the efforts, challenges, and the way forward. International Journal of Business and Social Science, 5, 13.
   Google Scholar
• Karmakar, S., & Mok, J. (2015). Bank capital and lending: An analysis of commercial banks in the United States. Economics Letters, 128, 21–24. https://doi.org/10.1016/j.econlet.2015.01.002
   Web of Science ®Google Scholar
• Kassie, A. (2014). Assessment of the performance of the Ethiopian financial and economic environment. Global Journal of Management and Business Research.
   Google Scholar
• Kim, D., & Sohn, W. (2017). The effect of bank capital on lending: Does liquidity matter? Journal of Banking & Finance, 77, pp.95–107. https://doi.org/10.1016/j.jbankfin.2017.01.011
   Web of Science ®Google Scholar
• Ladime, J., Sarpong-Kumankoma, E., & Osei, K. A. (2013). Determinants of bank lending behavior in Ghana. Journal of Economics and Sustainable Development, 4(17), pp.42–47.
   Google Scholar
• Laidroo, L., 2014. Lending growth determinants and cyclicality: Evidence from CEE Banks. Tallinn University of Technology, TUT Economic Research Series, Working Paper, 4.
   Google Scholar
• Mac Donald, S., & Koch, T. (2006). Management of Banking (6th ed.). Thomson – South-Western.
   Google Scholar
• Malede, M. (2014). Determinants of commercial banks lending: Evidence from Ethiopian commercial banks. European Journal of Business and Management, 6(20), pp.109–117.
   Google Scholar
• Matousek, R., & Solomon, H. (2018). Bank lending channel and monetary policy in Nigeria. Research in International Business and Finance, 45, pp.467–474. https://doi.org/10.1016/j.ribaf.2017.07.180
   Web of Science ®Google Scholar
• McKinnon, R. (2009). why banks aren’t lending‟. International Economy, the magazine of international economic policy.
   Google Scholar
• Medina Guzman, J. P., & Roldos, J. E. (2014). Monetary and macroprudential policies to manage capital flows. IMF Working Papers, 14(30). https://doi.org/10.5089/9781484302873.001
   Google Scholar
• Montoro, C., & Moreno, R. (2011, March). The use of reserve requirements as a policy instrument in Latin America. BIS Quarterly Review.
   Google Scholar
• Moussa, M. A. B., & Chedia, H. (2016). Determinants of bank lending: Case of Tunisia. International Journal of Finance and Accounting, 5(1), pp.27–36.
   Google Scholar
• Nwankwo, G. O. (2000). Organizing for financial risk management. The Credit Administrator, 2(2), 32–39.
   Google Scholar
• Obamuyi, T. M. (2013). An analysis of the deposits and lending behaviors of banks in Nigeria. International Journal of Engineering and Management Sciences, 4(1), 46–54.
   Google Scholar
• Olivero, M. P., Li, Y., & Jeon, B. N. (2011). Competition in banking and the lending channel: Evidence from bank-level data in Asia and Latin America. Journal of Banking & Finance, 35(3), 560–571. https://doi.org/10.1016/j.jbankfin.2010.08.004
   Web of Science ®Google Scholar
• Olokoyo, F. O. (2011). Determinants of commercial banks’ lending behavior in Nigeria. International Journal of Financial Research, 2(2), 61–72. https://doi.org/10.5430/ijfr.v2n2p61
   Google Scholar
• Olusanya, S. O., Oyebo, A. O., & Ohadebere, E. C. (2012). Determinants of lending behavior of commercial banks: Evidence from Nigeria, a co-integration analysis (1975-2010). Journal of Humanities and Social Science, 5(5), 71–80.
   Google Scholar
• Onaolapo, O. F., & Habeeb, S. G. (2017). Appraisal of monetary policies on commercial bank lending behavior in Nigeria banking industry from 1980-2014. Global Journal of Human-social Science: Economic, 17, 4.
   Google Scholar
• Ongena, S., & Smith, D. C. (2000). What determines the number of bank relationships? Cross-country evidence. Journal of Financial Intermediation, 9(1), 26–56. https://doi.org/10.1006/jfin.1999.0273
   Web of Science ®Google Scholar
• Oyebowale, A. (2019). Determinants of bank lending in Nigeria. Global Journal of Emerging Market Economies.
   Google Scholar
• Oyebowale, A. Y., & Karley, N. K. (2018). Investigating Finance-Growth Nexus: Further Evidence from Nigeria. International Journal of Economics and Finance, 10(9), 121–135. https://doi.org/10.5539/ijef.v10n9p121
   Google Scholar
• Pham, T. H. H. (2015). Determinants of bank lending.
   Google Scholar
• Rabab’ah, M. (2015). Factors affecting the bank credit: An empirical study on the Jordanian commercial banks. International Journal of Economics and Finance, 7(5), 166–178. https://doi.org/10.5539/ijef.v7n5p166
   Google Scholar
• Richard, E. O., & Okoye, V. (2014). Appraisal of determinants of lending behaviour of deposit money banks. N. International Journal of Scholarly Research Gate, 2(3), 142–155.
   Google Scholar
• Rossi, S., Borroni, M., Piva, M., & Lippi, A. (2019). Abnormal loan growth and bank profitability: Some evidence from the recent crisis. International Journal of Business and Management, 14(7), 36. https://doi.org/10.5539/ijbm.v14n7p36
   Google Scholar
• Salas, V., & Saurina, J. (2002). Credit risk in two institutional regimes: Spanish commercial and savings banks. Journal of Financial Services Research, 22(3), 203–224. https://doi.org/10.1023/A:1019781109676
   Google Scholar
• Sarath, D., & Pham, D. V. (2015). The determinants of Vietnamese banks’ lending behavior. Journal of Economic Studies, 42(5), 861–877. https://doi.org/10.1108/JES-08-2014-0140
   Web of Science ®Google Scholar
• Scholtens, B., & Van Wensveen, D. (2000). A critique on the theory of financial intermediation. Journal of Banking & Finance, 24(8), 1243–1251. https://doi.org/10.1016/S0378-4266(99)00085-0
   Web of Science ®Google Scholar
• Stein, J. C. (2002). Information production and capital allocation: Decentralized versus hierarchical firms. The Journal of Finance, 57(5), 1891–1921. https://doi.org/10.1111/0022-1082.00483
   Web of Science ®Google Scholar
• Swamy, V., 2012. Financial instability, uncertainty, and banks’ lending behaviour. Uncertainty and Banks’ Lending Behaviour (August 8, 2012).
   Google Scholar
• Taner, Y. (2000). Effects of inflation uncertainty on credit markets: A disequilibrium approach. Economics Department, John Cook School of Business.
   Google Scholar
• Temesgen, A. (2016). Determinants of banks’ lending behavior In Ethiopia-pragmatic evidence from commercial banks. ITIHAS-The Journal of Indian Management, 6(4).
   Google Scholar
• Timsina, N. (2016). Determinants of bank lending behavior in Nepal. The International Journal of Business and Management, 4(8), 64–77.
   Google Scholar
• Uyagu, D. B., & Osuagwu, G. O. (2015). Determinants of deposit money banks’ loans and advances in Nigeria. Global Journal of Applied, Management, and Social Sciences, 10.
   Google Scholar
• Windmeijer, F. (2005). A finite sample correction for the variance of linear efficient two-step GMM estimators. Journal of Econometrics, 126(1), 25–51. https://doi.org/10.1016/j.jeconom.2004.02.005
   Web of Science ®Google Scholar
• Zingales, L., & Rajan, R. G., 2003. Banks and markets: The changing character of European finance (No. w9595). National Bureau of Economic Research.
   Google Scholar